BayCom (BCML) Scheduled to Post Quarterly Earnings on Thursday

BayCom (NASDAQ:BCML) is scheduled to release its earnings data on Thursday, April 18th.

BayCom (NASDAQ:BCML) last released its quarterly earnings data on Thursday, January 25th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). BayCom had a net margin of 20.33% and a return on equity of 8.80%. The business had revenue of $26.20 million for the quarter, compared to analysts’ expectations of $25.90 million. On average, analysts expect BayCom to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

BayCom Stock Performance

Shares of BayCom stock traded down $0.42 during trading on Wednesday, hitting $19.77. 24,624 shares of the company’s stock traded hands, compared to its average volume of 22,642. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.05 and a quick ratio of 1.05. BayCom has a 1 year low of $15.02 and a 1 year high of $24.31. The stock has a market capitalization of $226.76 million, a P/E ratio of 8.88 and a beta of 0.76. The business has a 50-day simple moving average of $20.02 and a 200-day simple moving average of $20.79.

BayCom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Saturday, March 16th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 2.02%. BayCom’s dividend payout ratio (DPR) is presently 17.78%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BCML. JPMorgan Chase & Co. lifted its holdings in BayCom by 375.5% in the first quarter. JPMorgan Chase & Co. now owns 18,416 shares of the company’s stock valued at $401,000 after acquiring an additional 14,543 shares during the period. Citigroup Inc. bought a new position in BayCom in the first quarter valued at about $328,000. Dimensional Fund Advisors LP raised its stake in shares of BayCom by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 269,165 shares of the company’s stock worth $5,860,000 after buying an additional 16,370 shares during the period. Vanguard Group Inc. raised its stake in shares of BayCom by 46.8% in the first quarter. Vanguard Group Inc. now owns 645,488 shares of the company’s stock worth $14,052,000 after buying an additional 205,700 shares during the period. Finally, Baird Financial Group Inc. bought a new position in shares of BayCom in the first quarter worth about $261,000. Institutional investors own 66.16% of the company’s stock.

About BayCom

BayCom Corp operates as the bank holding company for United Business Bank that provides various financial services to small and mid-sized businesses, service professionals, and individuals. The company provides demand, savings, money market, and time deposit accounts. It offers commercial and multifamily real estate loans, including owner-occupied and investor real estate loans; commercial and industrial loans, such as equipment loans and working capital lines of credit; small business administration loans; construction and land loans; agriculture-related loans; and consumer loans comprising installment loans, unsecured and secured personal lines of credit, and overdraft protection.